My best friend’s dad is a conveyancer. I hope that I will receive mate’s fee for conveyancing, but if not, what kind of figure would I typically be looking at for conveyancing in Kensington?
You should contrast pricing. Make use of our comparison tool on this page. Whilst estimates will vary but service levels do are distinct between solicitors as is true with most professions.
I am selling my home in Kensington. Will my conveyancing practitioner need to be on the TSB conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the TSB conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I am helping my niece sell her house in Kensington. Will the conveyancer order the energy assessment or it is for the owner to see to?
Following the demise of Home Packs, EPC’s was kept a compulsory part of selling a property. An energy performance certificate must be to hand before the property is marketed. This is not a task that lawyers normally organise. If you are instructing a Kensington conveyancing lawyer they might help arrange energy assessments given their contacts with long established local assessors
is it true that all Kensington conveyancing solicitors on the Virgin Money conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Virgin Money conveyancing panel they would need to be regulated by the SRA. Many banks do permit licenced conveyancers on their panel and in such a situation the organisation would be governed by the Council of Licensed Conveyancers.
I've read lots of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Kensington solicitor - who is on the RBS conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
RBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually RBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Kensington surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Do I need to take out insurance to protect me from financial exposure to chancel repairs when buying a residence in Kensington?
Unless a previous purchase of the premises completed after 12 October 2013 you can assume that lawyers delivering conveyancing in Kensington to remain recommending a chancel search and or insurance against a claim.
I've recently bought a leasehold property in Kensington. Do I have any liability for service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
We have reached the end of our tether in seeking a lease extension in Kensington. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most definitely. We can put you in touch with a Kensington conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Kensington flat is 93 Oakwood Court in June 2010. the LVT determined that the premium to be paid for the new lease was £492,083, This case related to 1 flat. The unexpired term as at the valuation date was 37.79 years.
My mum and dad cant seem to find their Kensington property on the HMLR website. They recall that sixty years ago when they purchased the house there were complications with the address not being identified on some systems.
Almost all premises in Kensington should be revealed. Have you tried a search with simply the postcode. Normally it will reveal all the properties inside that postcode. Assuming the property is registered it will be there with a title number. If they bought 50 years ago it's conceivable it may be not yet registered. The property may still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title deeds which may be with your parent’s bank.